A woman walks past a picture of Muammar Qadafi in Tripoli as celebrations to mark the 40th anniversary of his ascent to power get under way. Libya marks the anniversary today. Story, page a10.
A woman walks past a picture of Muammar Qadafi in Tripoli as celebrations to mark the 40th anniversary of his ascent to power get under way. Libya marks the anniversary today. Story, page a10.

Libya marks 40 years of Muammar Qadafi's rule



TRIPOLI // Forty years ago today, the tanks and soldiers of the Libyan army converged on the Libyan capital, and in a twinkling the government of King Idris was replaced with that of Muammar Qadafi. Today, Tripoli is throwing the biggest party in its history to mark the anniversary. The city is covered in green flags and posters of a beaming Mr Qadafi - 40 years older but as brash as ever. Today, Libya is re-engaging with western countries and using its oil wealth to rebuild from crushing economic sanctions. But amid the changes, the constant remains Mr Qadafi, larger than life and firmly in charge. This has been good for the Libyan leader, who in January was elected to head the African Union. This month he will address the United Nations, where a Libyan diplomat will preside at the general assembly. Two weeks ago, Scottish judicial authorities released Abdel Baset al Megrahi, a former Libyan intelligence officer convicted of the 1988 Lockerbie bombing, in a move widely seen as a victory for the Libyan leader. Mr Qadafi came to power with the 1969 overthrowing of Libya's pro-Western monarchy and set up a state with himself as "Brotherly Guide and Leader of the Revolution". Libya was reorganised as a jamahiriya, or "state of the masses", a name coined by Mr Qadafi to denote a blend of socialism and Islam. For decades Libya backed assorted militant groups and liberation movements. That exasperated western countries such as the US and UK, both of which cut ties with Libya in the 1980s. By the mid-1990s, the country was staggering under international sanctions. In 1999 Libya delivered al Megrahi and a fellow suspect to stand trial for the Lockerbie bombing before a Scottish court convened in the Netherlands, began secret talks with the United States and repaired ties with Britain. Rapprochement has seen Libya pay US$2.7 billion (Dh9.9bn) to the families of victims of the Lockerbie bombing and renounce attempts to acquire nuclear weapons. Sanctions have been lifted and the US and British embassies have reopened in Tripoli. Libya, meanwhile, is open for business. It hopes to use oil to kick-start its economy and spruce up infrastructure. "Under the embargo, our lives were really miserable," said Mustafa Fetouri, a political analyst and professor of business management at Tripoli's Academy of Graduate Studies. "Today, even psychologically, people are more relaxed." Skyscrapers are rising over the Tripoli skyline and chic new boutiques are tucked beneath the arcades of old Italian colonial buildings like slabs of wedding cake. But farther afield, pavements are cracked and the dust rises from ramshackle working-class neighbourhoods. "God gave us oil and the West technology," said Saleh Mohamed, an official from Watasimu, a charity headed by Mr Qadafi's daughter, Aisha. "We're trying to improve the country now, but we need help." Libya's oil reserves and a foreign investment fund of more than US$60 billion are giving the country unprecedented bargaining power with European neighbours and attracting foreign firms and workers. "A lot of people try to go to Spain or Italy, but I saw there was no possibility for me to do this," said Bemba, 24, a Ghanaian construction worker who queued on Sunday afternoon outside a Moneygram office in Tripoli to send remittances home. "I decided that Libya was the right place for me." Around the corner, Green Square, Tripoli's central plaza, was being cleared for tonight's celebrations. A stage shaped like a Bedouin tent, a favourite Qadafi trademark, was set up to accommodate music groups from around the world. On Monday, a special African ­Union summit was held in a white pavilion by the Mediterranean. Posters around town feature Africa, a continent Mr Qadafi hopes to unite under a single government. Many others show Mr Qadafi himself. The Libyan leader will remain ­centre-stage. While he has proposed shrinking the government, and a committee spearheaded by his son, Saif al-Islam, has studied options for rewriting the constitution, neither initiative is likely to lead to major reform, analysts said. "The idea is not to change things overnight, but to phase out ministries such as health and education over a few years and establish independent entities instead," said Prof Fetouri, who has served as a consultant to a committee studying ways to restructure government. "If you don't see reform in the political system, change in the economy is going to be slow," said Ronald Bruce St John, a Libya expert and analyst for Foreign Policy in Focus, a think tank that is part of the Washington-based Institute for Policy Studies. The challenge for the government lies in the fact that "for all the money in their coffers, they have not yet found a way of translating that into better lives for citizens", said John Hamilton, a contributing editor for Africa Energy magazine. Finding a way to do so sounds good to Imad, 26, a gym manager who watched the preparations at Green Square on Sunday evening from the arcade outside a cafe. "I think that from here on the government should concentrate on improving the economy," he said. "I don't want to change the basic system, but I like the idea of giving more power directly to the people. He paused, looking at the activities going on in the square, and said: "Anyway, when a constitution has been around for 40 years, it's hard to change it." jthorne@thenational.ae

Francesco Totti's bio

Born September 27, 1976

Position Attacking midifelder

Clubs played for (1) - Roma

Total seasons 24

First season 1992/93

Last season 2016/17

Appearances 786

Goals 307

Titles (5) - Serie A 1; Italian Cup 2; Italian Supercup 2

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

UAE currency: the story behind the money in your pockets
Types of policy

Term life insurance: this is the cheapest and most-popular form of life cover. You pay a regular monthly premium for a pre-agreed period, typically anything between five and 25 years, or possibly longer. If you die within that time, the policy will pay a cash lump sum, which is typically tax-free even outside the UAE. If you die after the policy ends, you do not get anything in return. There is no cash-in value at any time. Once you stop paying premiums, cover stops.

Whole-of-life insurance: as its name suggests, this type of life cover is designed to run for the rest of your life. You pay regular monthly premiums and in return, get a guaranteed cash lump sum whenever you die. As a result, premiums are typically much higher than one term life insurance, although they do not usually increase with age. In some cases, you have to keep up premiums for as long as you live, although there may be a cut-off period, say, at age 80 but it can go as high as 95. There are penalties if you don’t last the course and you may get a lot less than you paid in.

Critical illness cover: this pays a cash lump sum if you suffer from a serious illness such as cancer, heart disease or stroke. Some policies cover as many as 50 different illnesses, although cancer triggers by far the most claims. The payout is designed to cover major financial responsibilities such as a mortgage or children’s education fees if you fall ill and are unable to work. It is cost effective to combine it with life insurance, with the policy paying out once if you either die or suffer a serious illness.

Income protection: this pays a replacement income if you fall ill and are unable to continue working. On the best policies, this will continue either until you recover, or reach retirement age. Unlike critical illness cover, policies will typically pay out for stress and musculoskeletal problems such as back trouble.

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young